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Trump directly controls the stock market via a system of ropes and pulleys located in a secret compartment in the Oval Office. Shame on Trump for making the Dow go down 1000 points today.
Today was the 2nd largest point drop on record. Last Friday was the worst.
Percent drop is more meaningful. A thousand point drop from 25,000 is much smaller than a thousand point drop from 10,000.
A 4% drop in one day is still Yuge, but it’s not as catastrophic as it looks at first.
Stocks do what they do. Unless a president does something crazy (like threaten to start a war or threaten to nationalize industries), the president has little influence on stocks. I’m no fan of Trump, but it’s hard to blame him for the drop. Stocks have been getting overvalued and we’ve been long overdue for a correction.
Percent drop is more meaningful. A thousand point drop from 25,000 is much smaller than a thousand point drop from 10,000.
A 4% drop in one day is still Yuge, but it’s not as catastrophic as it looks at first.
Stocks do what they do. Unless a president does something crazy (like threaten to start a war or threaten to nationalize industries), the president has little influence on stocks. I’m no fan of Trump, but it’s hard to blame him for the drop. Stocks have been getting overvalued and we’ve been long overdue for a correction.
Finn finally learned that the other day and likes to pretend he knew all along. He will also tell you that the first 1,000 point drop was 2x as bad as the worst drop ever and 14th worst percentage wise...both 100% factually wrong, then he will go on to attack you for bickering and accuse you of lying, then ignore the proof that he is wrong once its pointed out to him. He just doesn't like facts is the problem, and he cant admit that he was wrong.
Pe I’m no fan of Trump, but it’s hard to blame him for the drop. Stocks have been getting overvalued and we’ve been long overdue for a correction.
The point isn't to blame Trump for the collapse.
The point is that Trump and his Deplorables have repeatedly claimed that Donny is responsible for the previous market gains. If you claim responsibility over the markets, obviously you're also responsible when the markets dive. It's utter hypocrisy.
This 4% drop per day is becoming a bit of a trend, but I guess we can just keep telling ourselves "its only 4%".
We're down almost 3000 points in a matter of days......
I wish you were investing in October of 1929, the 30 point drop would have been music to your ears....ONLY 30 POINTS!! HOORAY!!!
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He will also tell you that the first 1,000 point drop was 2x as bad as the worst drop ever and 14th worst percentage wise...both 100% factually wrong, then he will go on to attack you for bickering and accuse you of lying, then ignore the proof that he is wrong once its pointed out to him. He just doesn't like facts is the problem, and he cant admit that he was wrong.
